I suspect when the quarantine ends and the held-back housing supply hits the market we'll see a dip in prices in the 2 to 4 months after that time... though there are a lot of factors that come into play that will dictate the actual outcome. (...consumer confidence, interest rates, local job growth, net population growth/loss, government restrictions, savings depletion, stock market growth, etc).

So it was once backed by a government loan and the previous owner had to let it go.

Aggressive government intervention can keep it going if they continue to release stimulus, but I don't know how far that goes. 

Even if it was ready I'm not sure I'd be showing it due to virus concerns, what's going on in the job market and the rent freeze/moratorium government guidance here.It seems like deals are still happening from what I'm reading on forums and hearing from some agents, just curious how others are navigating the current market with these constraints.

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This has, however, impacted some buyers with the updated government loan guidelines and due to furloughs or layoffs, so there is definitely an impact.

Thats exactly what we're seeing right now with the evictions being put on hold by the government.

Since marijuana dispensaries are illegal on federal level and governed by the states, federal loan programs cannot even consider funding them.

We just recently 'laid off' ourselves due to the complete cessation of our business due to the pandemic and government orders to stop non-essential business.

The people building downtown aren’t the normal apartment builders for the most part and use government programs and leverage different than us average joes.